Wind is an essential part of the global renewable energy landscape and in the foreseeable future, the reliance on it is anticipated to increase. Currently, turbines are the most commonly used machines to convert wind energy into electrical energy with the movement of the blades fuelling an electricity generator. However, the top-heavy nature of conventional wind turbines requires high-quality components to avoid structural damage. This factor increases the cost of constructing the whole system. On the other hand, with the recent innovation of bladeless wind turbines, the risk of structural damage to the system can be reduced significantly. Bladeless wind turbines do not include rotating blades and are designed in such a way that they stand erect and oscillate in response to the vortices. The reduced weight of these turbines is acting as a primary driver of the global bladeless wind turbines market.
The report offers insights into the drivers, restraints, and opportunities impacting the growth of the market. It calculates the competitive landscape of the market using analytical tools such as market attractiveness analysis and Porter’s five force analysis. It presents a holistic perspective of the market’s growth across various regions and product type in terms of revenue as well as volume.
Overview of the Global Bladeless Wind Turbines Market
Bladeless wind turbines contain only a few moving parts. They not only help in eliminating noise but also don’t pose a threat to birds. This makes them more advanced than their earlier counterparts. Moreover, the lower cost of manufacturing and maintenance of these turbines is contributing to an increase in their demand. In addition to lower costs, these turbines do not suffer large drop in power. As a result, more bladeless wind turbines can be installed per unit area than conventional wind turbines. These factors, collectively, are propelling the growth of the global bladeless wind turbines market.
On the flip side, bladeless wind turbines, being at a nascent stage, are less efficient in the conversion of captured wind power into electrical energy, thus limiting their implementation on a large scale. However, the manufacturing of bladeless wind turbines using advanced technology and enhanced materials is likely to boost the demand for these turbines in the forthcoming years.
On the basis of region, the global bladeless wind turbines market is categorized into Western Europe, Eastern Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. The adoption of bladeless wind turbines is expected to pick up speed in Western Europe owing to presence of favorable environmental conditions and availability of advanced technology. Asia Pacific is estimated to flourish due to increasing government initiatives for promoting wind energy.
Companies Mentioned in the Global Bladeless Wind Turbines Market
At present, the global bladeless wind turbine market is being propelled by the efforts of a Spanish company, Vortex Bladeless, which has innovated a contemporary design of bladeless turbines. With intensive ongoing research and product enhancements, more companies are expected to enter the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.